Intraday Market Thoughts

Archived IMT (2009.08.20)

by Ashraf Laidi
Aug 20, 2009 15:08

Stronger than expected August Philly Fed survey (+4 vs exp -2) and neutral Jul leading indics (+0.6% vs exp +0.7%) are boosting USDJPY back above 94, but not enough to drag down USD vs risk currencies. Mixed data on new foreclosures as overall foreclosures rose but suprime-related were down. USDCAD continues its base-buidling eyeing 1.1030 and 1.1070.


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